Rotork (LON:ROR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Rotork plc (LON:ROR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 324.61 ($4.22) and traded as high as GBX 329.60 ($4.28). Rotork shares last traded at GBX 326.80 ($4.25), with a volume of 191,709,016 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 390 ($5.07) price target on shares of Rotork in a research report on Thursday, January 23rd.

Rotork Stock Performance

The stock has a market capitalization of £2.76 billion, a P/E ratio of 23.53, a PEG ratio of 2.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The business has a 50-day moving average price of GBX 329.03 and a 200 day moving average price of GBX 324.61.

Rotork (LON:ROR) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 15.90 ($0.21) earnings per share (EPS) for the quarter. Rotork had a return on equity of 19.42% and a net margin of 15.98%. As a group, sell-side analysts forecast that Rotork plc will post 16.4574899 EPS for the current fiscal year.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.